An airline has a tendency to crash. As a result, passengers are considered to be less likely to choose it. it is expected free cash flows will fall by $16 million per year for five years. If the airline has 45 million shares outstanding, an equity cost of capital of 12%, and no debt, how much would the companys shares be expected to fall in price as a result of this accident?

A. $1.14

B. $1.03

C.$1.28

D. $0.93